China’s heavily indebted Evergrande ordered to liquidate

China’s heavily indebted Evergrande ordered to liquidate

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By Kanis Leung and Zee Soo | Associated Press HONG KONG — A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s…

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